Credit, Collections & Insolvency News
Experian has been named among the top 100 most innovative companies in the world for the fifth year in a row by Forbes magazine. In the publication’s eighth annual list of the “World’s Most Innovative Companies,” Experian climbed to the rank of 57th and was amongst the top 10 most innovative companies headquartered in Europe.…
Read more
Three directors of a debt management company have been banned from running companies for 29 years. Robert Solloway, Mark Harrison and Richard Mott, were all directors of RMR Financial Services Limited, which traded as Compass Debt Counsellors, a debt management company. Robert Solloway served as a director throughout, while Mark Harrison and Richard Mott were…
Read morePersonal insolvency specialist RSM has appointed a new Director for its the personal insolvency practice in Hull. Andy Nalliah joins with more than nine years’ experience as an insolvency practitioner acting for distressed mid-market, owner managed businesses and individuals. He now specialises in formal insolvency planning including advising individuals and partnerships and acting as a…
Read moreStepChange Debt Charity has announced that Sir Hector Sants will leave to become the first Chair of the new Single Financial Guidance Body. Sants will be stepping down from his role as Chair of the charity on 2nd October to take up the role on 3rd October 2018. Phil Andrew, Chief Executive of StepChange Debt…
Read moreIdentity security specialist Vasco Data Security has announced it has acquired privately-held Dealflo for £41 million in cash. In a separate press release, Vasco announced its name is changing to OneSpan. Dealflo is a provider of identity verification and end-to-end financial agreement automation solutions. Its workflow management system automates the full lifecycle of customer onboarding by…
Read more
Financial service technology provider intelligent Environments has announced that after a comprehensive brand review, the company will now become ieDigital. Founded in 1985, Intelligent Environments has secure consumer-facing digital financial platforms for, among many others, HSBC, Lloyds Banking Group and Argos. The new name and refreshed brand identity reflect the natural evolution of the company’s…
Read more
Kevin Mooney has been appointed to the position of head of business intelligence at Startline Motor Finance. The role will see him take over management of a wide range of information related to the performance of the Glasgow-based motor finance specialist. A graduate of Strathclyde University, Kevin is also a qualified CIMA accountant and has…
Read moreNew research by Intrum suggests that GDPR is unknown to more than one out of four European businesses. The report shows that 27 percent of all businesses in Europe state that they have not heard of GDPR. The report also indicates that every eight (12 %) large corporation, defined as companies with more than 250 employees,…
Read more
The Financial Conduct Authority (FCA) has published a decisions notice, which sets out its decision to ban Darren Newton from working in any regulated activity in the financial services sector Newton is disputing the FCA’s decision and has referred the matter to the Upper Tribunal at which the FCA and Newton will be able to…
Read more
TotallyMoney, the credit report, eligibility, and comparison specialists and NewDay, a leading specialist financial services provider and one of the largest issuers of credit cards in the UK, have partnered together to re-launch the Fluid Credit Card. A new credit product designed to help Near-Prime consumers reduce interest payments and pay down their balance sooner with a balance transfer…
Read more
The Credit Services Association (CSA)has appointed Mark Buckley as its new Head of Sales. Buckley’s immediate task is to secure further sponsors and delegates for the UK Credit and Collections Conference (UKCCC) 2018, which takes place on 13 September at the Crowne Plaza in Stratford-Upon-Avon. Mark will also be selling the benefits of CSA Apprenticeships…
Read more
Debt Purchaser, Arrow Global has announced its latest company results (for the three months ended 31 March 2018). Commenting on the results Lee Rochford, Group Chief Executive Officer, said “The power of our differentiated model has meant that we have had another strong start to the year. Our sophisticated approach to capital investment and asset management, underpinned…
Read more
Debt purchaser, Cabot Credit Management has announced that it is to become a wholly-owned subsidiary of Encore Capital Group. The announcement was made as part of the companies latest financial results for the three months ending 31 st March 2018. Commenting on the results Ken Stannard, Chief Executive Officer, Cabot Credit Management, said: “Cabot Credit Management…
Read more